Wilson Credit has a total of 327 employees.  The company made a profit of $4,120,000 last year.  The profit was equal to 3/5 of the total amount paid to its employees during the year.  What was the average amount paid to each employee at Wilson Credit last year?
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2 Answers

profit = 3/5 times amount paid to employees

so 4,120,000 = 3/5(x) where x is the total amount paid to employees

divide both sides by 3/5

x = 6,866,666.67

divide this by total employees to get amount paid to each employee

=$20,998.98
by Level 5 User (11.9k points)

4(3 - 5x) - 4 = 3 + 2(x - 2)

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